REPORT TITLE: 
Pensioners' Bonus


DESCRIPTION:
Extends ERS pensioners' bonus until July 1, 2001. (SB211 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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THE SENATE                              S.B. NO.           S.D. 1
TWENTIETH LEGISLATURE, 1999                                H.D. 1
STATE OF HAWAII                                            
                                                             
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                     A BILL FOR AN ACT

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Act 339, Session Laws of Hawaii 1990, as amended
 
 2 by Act 98, Session Laws of Hawaii 1993, Act 275, Session Laws of
 
 3 Hawaii 1994, and Act 327, Session Laws of Hawaii 1997, is amended
 
 4 by amending section 5 to read as follows:
 
 5      "SECTION 5.  This Act shall take effect on July 1, 1990, and
 
 6 shall be repealed [as of] on June 30, [1999;] 2001; provided that
 
 7 section 88-11, Hawaii Revised Statutes, is reenacted in the form
 
 8 in which it read on the day before the approval of this Act; and
 
 9 provided further that the repeal and reenactment shall not affect
 
10 entitlement to benefits accruing to any retirant, pensioner, or
 
11 beneficiary pursuant to this Act prior to July 1, [1999.] 2001."
 
12      SECTION 2.  There is appropriated out of the general
 
13 revenues of the State of Hawaii the sum of $   or so much thereof
 
14 as may be necessary for fiscal year 1999-2000 and the sum of $
 
15 or so much thereof as may be necessary for fiscal year 2000-2001
 
16 to extend the employees' retirement system pensioners' bonus.
 
17      SECTION 3.  The sums appropriated shall be expended by the
 
18 department of budget and finance for the purposes of this Act.
 
19      SECTION 4.  Statutory material to be repealed is bracketed.
 
20 New statutory material is underscored.
 

 
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 1      SECTION 5.  This Act shall take effect on June 29, 1999.